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Friday-2/7/2010-ORIENT - NOTICE OF BONUS ENTITLEMENT

Listing Circular
LISTING'S CIRCULAR NO. L/Q : 57670 OF 2010

 

Company Name
:
                 ORIENTAL HOLDINGS BERHAD
Stock Name
:
                 ORIENT
Date Announced
:
                 02/07/2010

Subject
:
              ORIENT - NOTICE OF BONUS ENTITLEMENT

 
Contents
:
    Bonus Issue of 103,393,638 new ordinary stocks of RM1.00 each ("Stocks") in Oriental Holdings Berhad ("Oriental") ("Bonus Stocks") to be created as fully paid-up on the basis of one (1) new Stock for every five (5) existing Stocks held ("Bonus Issue").

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ]
    as from : [ 14 July 2010 ]

    2) The last date of lodgement : [ 16 July 2010 ]

    3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

    a) Selling Broker to deduct [ 1/6 ] , of the Selling Price against the Selling Client.

    b) Buying Broker to deduct [ 16.66% ] of the Purchase Price against the Buying Client.

    c) Between Broker and Broker, the deduction of [ 1/6 ] of the Transacted Price is applicable.

    Remarks : "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 19 July 2010 with bonus issue of ORIENT shares of RM1.00 each, any shareholder who is entitled to receive ORIENT bonus issue shares, may sell any or all of his ORIENT shares arising from the bonus issue beginning the Ex-Date ( 14 July 2010).
    For example, if Mr X purchases 500 ORIENT shares on cum basis on 13 July 2010, Mr X should receive 500 shares on 16 July 2010. As a result of the bonus issue, 600 ORIENT shares will be credited into Mr X's CDS account on the night of 16 July 2010 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 600 on or after the Ex-Date ie from 14 July 2010 onwards."

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